Archive for April, 2009

French Finance Minister on Jon Stewart

I’m late to this but if you didn’t catch the Daily Show interview with French Finance Minister Christine Lagarde, here it is (and worth a watch!)

The Daily Show With Jon Stewart
M - Th 11p / 10c

Christine Lagarde

thedailyshow.com

Daily Show Full Episodes
Economic Crisis
First 100 Days

EUR/USD: History of New Highs After FOMC

I found this great tidbit of info this morning. The past 4 highs in the EUR/USD have occurred within 2 days of an FOMC meeting. The sell-off after-wards has been sharp, leading me to wonder whether today’s reversal is foreshadowing a larger decline ahead.
Click on the chart for a zoomed in [...]

FOMC Instant Insight and Twitter

I posted my instant insight on the FOMC rate decision on FX360.com:
Dollar Shoots Higher as Fed Grows Less Optimistic
We are redesigning the page, but in the meantime, follow the FX360 team on Twitter! My technical analysts will be jumping on board next week but Boris and I are tweeting already!
http://twitter.com/fx360

How Much Will New Zealand Cut Interest Rates?

Everyone is focused on the Federal Reserve’s interest rate decision at 2:15pm ET this afternoon, but I actually have my eye on the Reserve Bank of New Zealand’s rate decision. With interest rates already at a target range of 0-0.25 percent, the Fed’s ability to surprise the market is virtually nil. The RBNZ on [...]

Tracking U.S. GDP

Here is a chart of U.S. GDP in the first quarter. It was much worse than the market expected. I wrote an instant insight on FX360.com U.S. GDP Growth Contracts 6.1 Percent

Yen Traders Turning Long Carry Trades

My good friend Rhonda Staskow has posted updated charts on the positioning of Japanese retail traders transacting through TFX, one of the largest FX brokers in Japan. According to their latest data, Japanese traders are turning net long USD/JPY, EUR/JPY and GBP/JPY after being net short in March. There are no [...]

Google Map of Swine Flu Exposure

Google has a great map on where Swine Flu has been discovered. Click on the image for the updated chart:

Stress Tests Stress Currencies

The results for the stress tests are coming in and unfortunately Bank of America and Citigroup are the first to be singled out. At the same time, the world is growing more and more fearful about the Swine flu and I think this is an overreaction. Yesterday, I wrote about how the impact [...]

Swing Scalping 2.0

Forex Trading Tips: The Train to Gain

The Train to Gain
You have 20 minutes to get to midtown for a very important meeting. As you stand on the 72nd street subway platform you see the local pulling into the train station. You glace at the express track and it is empty What do you do?